200-260 N Main St - Retail FOR SALE
Rittman, OH 44270 |
216-264-2000
200-260 N Main St
Rittman, OH 44270
HIGHLIGHTS
- 77% Occupied, 51,997 SF Value-Add, Grocery-Anchored Center with Burger King Out-Parcel Included.
- Anchored by IGA Grocery Store (41% of Occupied GLA) – Tenant Since 2003, with Recent Lease Extension thru 10/2032.
- Predominately National Roster of Non-Anchor Co-Tenants: Dollar Tree(25% of Occupied GLA), Family Dollar(24% of Occupied GLA), & Pizza Hut (3% of GLA).
- Burger King Reports Extremely-High Sales of $1.906M (+/- 20% Above Reported Chainwide AUV); BK Pays $20K in Base-Rent + $30K in %-Rent.
- Upside thru 22.6% of Vacant GLA | 11,737 SF of Vacant Space, 4 Units Ranging 1,500 – 4,000 SF.
- Low Rental Rate for IGA ($6.27/SF NNN, $7.94/SF All-In) Promotes Site-Level Profitability.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Rittman Shopping Center | Majority Occupied
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1964
SPRINKLERS
-
PARKING SPACES
330
LAND DETAILS
LAND ACRES
6 AC
LAND SF
261,360 SF
ZONING
C2
APN/PARCEL ID
63-02000-000
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216-264-2000
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216-264-2000
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